Author Question: To an economist, risky options: A) are always bad options. B) are always good options. C) ... (Read 155 times)

jace

  • Hero Member
  • *****
  • Posts: 541
To an economist, risky options:
 
  A) are always bad options.
  B) are always good options.
  C) have costs and benefits fixed in advance.
  D) do not have costs and benefits fixed in advance.

Question 2

How do exports affect sellers' producer surplus?
 
  What will be an ideal response?



princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

D

Answer to Question 2

Producer surplus increases. It increases because exports raise the price of the good being exported, so sellers produce more of the good and hence their producer surplus increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

For a complete list of videos, visit our video library